Meanwhile "our" Gov't tries to look after its mates

They put up a big fight and kick up a stink to look after their banker mates, but lie down with their legs in the air when Its anything to do with the rest of us...its not about party politics either, Labour and Tory have done ###### all except protect the vested interests of their rich mates

Edited by Phil, 06 March 2013 - 08:53 PM.

"Freedom without socialism is privilege and injustice, socialism without freedom is slavery and brutality" - Mikhail Bakunin

"At times to be silent is to lie. You will win because you have enough brute force. But you will not convince. For to convince you need to persuade. And in order to persuade you would need what you lack: Reason and Right."

This is Germany's payback for the failed takeover of the London Stock Exchange many years ago, and their failed attempt to establish Frankfurt as the financial capital of the EU as well as a general EU determination to wrest control; from London. If anyone thinks this will make the slightest difference to the amount of money that the target bankers make, they are living I am afraid in a cloud cuckoo land where the Internet has not yet been invented. These guys are FAR clever than the even the brightest of Eurocrats.

I once sent a letter to my MP well before the credit crunch showing concern over 125% mortgages, spiralling credit as well as recklessness by the banks. Ruth Kelly replied to say that it was all down to market forces and demand! How so out of touch.

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

When will people get it into their thick heads that we are just as much ''the EU'' as any other European nation. We elect proportionally the same number of MEPs as everyone else. Those MEPs sit on the committees etc. like everyone else. Just goes to show that brian washing barge of anti EU guff form certain newspapers does work if people believe that the UK has no say in EU law.

"it is a well known fact that those people who most want to rule people are, ipso facto, those least suited to do it."

Going against the tide here but on balance government did the right thing. Banking sector bring in alot of tax if they disappear to HK or elsewhere that's alot of 40% taxpayers to replace. Or more likely taxes go up for everyone else. It will not affect the total pay of those on a bonus anyway. Their fixed salary will just go up. It's just politicians making it look like they are doing something useful.

Homer: How is education supposed to make me feel smarter? Besides, every time I learn something new, it pushes some old stuff out of my brain. Remember when I took that home winemaking course, and I forgot how to drive?

The way I see it, provided they are generating the profits they can pay themselves what the hell they like. If they mess up, they can't. And if they perform as badly as they have done in the last few years, they should feel grateful to be employed.

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

Had the previous "government" indulged in proper regulation, and had they made an example of Northern Rock, and had not millions of greedy Labour voters fallen for the great Blair deception, this situation would not have been anywhere near as bad. When Brown said he'd abolished "boom and bust" he was basing it on the effects of the housing price bubble that the Blair govt had created and exploited. How could any sensible person not see that a trebling of house prices in the ten years after Labours election was anything other than a recipe for disaster Yes, bankers may be greedy, but just as greedy as those that borrowed recklessly at the expense of savers and pensioners, the unemployed and those in social housing so that they could get their own feet in the trough. What is it they sing at the Labour Party conference? Ah, yes, "The working class can kiss my ######, we'll keep the red flag flying here!"

Had the previous "government" indulged in proper regulation, and had they made an example of Northern Rock, and had not millions of greedy Labour voters fallen for the great Blair deception, this situation would not have been anywhere near as bad. When Brown said he'd abolished "boom and bust" he was basing it on the effects of the housing price bubble that the Blair govt had created and exploited. How could any sensible person not see that a trebling of house prices in the ten years after Labours election was anything other than a recipe for disaster Yes, bankers may be greedy, but just as greedy as those that borrowed recklessly at the expense of savers and pensioners, the unemployed and those in social housing so that they could get their own feet in the trough. What is it they sing at the Labour Party conference? Ah, yes, "The working class can kiss my ######, we'll keep the red flag flying here!"

If it rains do you blame the Blair government John? Is there anything bad that isn't the Blair government's fault? IMO where the Blair goverment were at fault was that they allowed the "casino" finance industry to carry on exactly as it had done under Thatcher and Major since 1986. They believed wrongly that the market had all the answers. Cameron and Osborne (before the crash) were calling for even less regulation. Cameron has some neck to say that Labour were in charge of the casino when it went bust. The casino was created by " big bang" under Thatcher. The Tories are doing what they always do, looking after their own and blaming someone else for any problems.

"This is a very wealthy country, money is no object" D. Cameron February 2014